Business

Kampala, Uganda | ISAAC KHISA | Products of cigarette maker, British American Tobacco (BATU) manufactured at its Kenyan subsidiary in the East African Community will now be exempted from Uganda’s excise duties. This follows a ruling in the East African Court of Justice (EACJ) on Jan 25, barring the Uganda revenue …

Washington, United States | AFP | US job creation accelerated in January, as the labor market continued to absorb workers at a robust pace, unemployment clung to a record low and wages moved higher, the government said in a key report Friday. And with a near 10-year record in wage …

Washington, United States | AFP | Apple overtook Samsung in the fourth quarter as the largest smartphone producer in a declining global market for handsets, research firm IDC said Friday. A survey by IDC showed Apple — which reported its quarterly data Thursday — led all vendors with 77.3 million …

Kampala, Uganda | GODFREY SSALI | Trade Ministers from Uganda and South Africa have reaffirmed their commitment towards facilitating trade and investment flows between the two countries. The two ministers Amelia Kyambadde, the minister of Trade, Industry and Cooperatives and her counterpart Gratitude Bulelani Magwanishe, the South African Deputy Minister …

Stellenbosch, South Africa | AFP | With a history dating back over three centuries, South Africa’s world-renowned wine industry has long been the domain of generations of just a few elite white families. But the emergence of a crop of new black players such as winemaker and owner of Aslina …

Washington, United States | AFP | Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams. The social media giant said it is barring ads for “financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, …

Cooperative banks worldwide were financed by cooperatives societies  Kampala, Uganda | ISAAC KHISA | For some time now, Uganda’s cooperatives societies have expressed the need to re-establish the Cooperative Bank as their main source of capital for production, processing, diversification and value addition. Whereas they seem to have made a …

Kampala, Uganda | THE INDEPENDENT | All the top executives from the MTN Group are in Uganda for the  MTN Global Leadership Gathering (GLG) taking place January 30th to 31st 2018 at the Munyonyo Commonwealth Resort. Uganda is the first country outside South Africa to host the largest gathering of …

Uganda is becoming more appealing destination for investors from the East African Community (EAC) Kampala, Uganda | JIMMY SIYA | From the time the Uganda government announced that it will be constructing an oil pipeline, Kenyan logistic companies have shown interest in moving into the country to tap from the …

Addis Ababa, Ethiopia | AFP | Africans have for years paid sky-high airfares when travelling within the continent but a major aviation trade agreement launched Monday by the African Union aims to change that. Twenty-three African countries have signed on to the Single African Air Transport Market (SAATM), which is …